ARBOR OUTLOOK: Arkansas snow, SoWal rain and gyrating markets

Published: Thursday, July 11, 2013 at 04:24 PM.

In South Walton, our business appointments and leisure sojourns are often influenced by rain. Most of us know that when we get the kind of prolonged and heavy rain that hit us recently, that venturing out by car is troublesome. On rainy days, fewer folks find the beach and visitors pack the roads, searching for off-beach entertainment and dining. When the sun is brightly shining, more people populate the beach and the roads are freer for travel. 

During summertime, every Floridian is an amateur weatherman by necessity. 

From early August through late October, we all keep an eye peeled for disturbances in the Gulf, and then are prepared to run for the hills or hunker down and get hammered. Either way, everyone breathes a sigh of relief on Nov. 1. 

Lately, unprecedented variations in patterns of weather have been matched only by the vagaries of volatility in the market.

First, a few weather notes. It snowed in Arkansas about eight weeks ago, the first time that state has recorded May snow since they began keeping records in 1894. Meanwhile, I have relatives in Fayetteville , lifelong Arkansans, who claim that last summer was the hottest they’ve ever experienced. Go figure. Last week, it was 94 degrees … in Alaska .  Folks were baking in a broiling sun in a little community that experienced 30 degree temperatures only two weeks prior. It was 122 in Palm Springs and a mild 119 degrees in Phoenix last week.

Yet, I have been living in Florida for 27 years and this past spring was easily the coolest I can recall. In fact, I am hopeful that we are trading weather patterns with Pacific Grove , Calif. , which boasts brisk mornings, with fog rolling in from the ocean, even in late summer.  Wouldn’t that put a crimp in hurricane season? 

These extreme weather changes are exactly the kind of unprecedented volatility we have experienced in the markets since 2008. Lately, market gyrations partly represent a reaction to Federal Reserve Chairman Bernanke’s hints that the Fed may begin tapering quantitative easing, possibly in December, well before the originally announced 2015 timeline. Negative market trends from Asia and Europe also contributed to a temporary but decided downturn. During the next 72 hours, though, the Dow enjoyed the best 3-day win streak of the year. Now that’s volatility.

1 2 3

Reader comments posted to this article may be published in our print edition. All rights reserved. This copyrighted material may not be re-published without permission. Links are encouraged.

▲ Return to Top

Local Faves